Ferrari Energy ‘closed for business,’ changes name to The Petram Group

Ferrari Energy, the Denver-based mineral acquisitions company tied to multiple allegations of fraud, forgery and theft, has closed for business, according to its web site.

“We have ceased conducting business as Ferrari Energy effective as of 3/11/19,” a message on the company’s former homepage states. “If you are a current client, we will be in touch regarding your pending transaction.”

Ferrari Energy was the trade name of Adam Ferrari’s company, Wolfhawk Energy Holdings, headquartered at 999 18th St., Suite 1650S in Denver. On Friday, Scott Fey, Ferrari Energy’s chief financial officer, filed paperwork with the Colorado Secretary of State’s Office changing the company’s name to The Petram Group LLC.

Scott Fey

The new company was formed as a foreign limited liability company with a jurisdiction listed as Delaware, according to state records. The principal office and mailing addresses remain the same as noted above.

According to The Petram Group’s LinkedIn page, the company was founded in 2017 in Houston, Texas. The company’s profile claims former Ferrari Energy VP of Land Chris Brennan and former acquisition landman Christopher Rivera among its 18 employees.

Other than claiming two former Ferrari Energy employees as its own, it’s unclear if there is any connection between the newly formed Petram Group in Denver and the company of the same name in Houston. And although the company’s LinkedIn profile states it was founded in 2017, Office of the Texas Comptroller records show the Petram Group was formed on Aug. 1, 2016, in nearby Humble, Texas.

Calls to the Petram Group’s Houston office were not answered.

Adam Ferrari

Allegations of wrongdoing against Ferrari Energy began to surface following the Feb. 7 arrest of the company’s founder and managing partner, Adam Ferrari, who is charged in Denver District Court with 14 felonies including four counts of identity theft, four counts of forgery, three counts of attempting to influence a public servant and three counts of theft.

Ferrari is accused of attempting in 2016 to defraud Jennifer Davis and Anadarko Petroleum Corp. out of about $305,000 Anadarko held in a suspense account for the Rice Family Trust. A suspense account is one set up by an oil and gas operator to hold a mineral owner’s royalties should the parties lose contact.

Since Ferrari’s arrest, The Tribune has identified more than a dozen other instances of forgery, fraud and theft by Ferrari Energy employees through court and public records, and by speaking with victims.

— Joe Moylan covers crime and public safety for The Greeley Tribune. Reach him at jmoylan@greeleytribune.com, (970) 392-4467 or on Twitter @JoeMoylan.